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Biglari Holdings Inc. (New York Stock Exchange:BH)
US · Delayed Price · Currency is USD
Consumer Cyclical · Restaurants
$362.27-$0.04 (-0.01%)
Market cap
$1.19B
Insider Score
Health Score
Analyst consensus
Listed since
Mar 17, 1980
Website
Insider Score
64/ 100
BH Insider Score
Bullish3 qualifying trades · 1 insider · $5.54M bought in the last 90 days
Financial Health Score
Sound
From BH’s reported statements · Q3 2026 (trailing 12 months)
Profitability7 / 20
Loses money on what it sells.
- Revenue
- $417.9M
- Net income
- -$23.4M
- Net margin
- -5.6%
Leverage11 / 20
A manageable debt load.
- Total debt
- $267.9M
- Cash
- $213.4M
- Net debt / EBITDA
- 1.70x
Liquidity20 / 20
Comfortably covers what is due within a year.
- Current assets
- $411.5M
- Current liabilities
- $120.5M
- Current ratio
- 3.41
Cash generation15 / 20
The business funds itself from operations.
- Operating cash flow
- $55.9M
- Free cash flow
- $24.4M
- FCF margin
- 5.8%
Dilution & runway16 / 20
Not funding itself by issuing shares.
- Shares outstanding
- 3.3M
- Share growth (1y)
- 5.4%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
BH Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | $112.07 M | $108.52 M | $97.48 M | $99.87 M | $99.74 M | $100.62 M |
| Revenue Growth (YoY) | 12.36 % | 7.86 % | 2.57 % | 9.61 % | 10.32 % | 10.40 % |
| Cost of Revenue | $62.94 M | $63.74 M | $69.74 M | $74.10 M | $60.67 M | $71.54 M |
| Gross Profit | $49.13 M | $44.78 M | $27.74 M | $25.77 M | $39.06 M | $29.07 M |
| SG&A Expense | $22.95 M | $26.23 M | $24.87 M | $22.05 M | $20.42 M | $22.85 M |
| R&D Expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Expenses | $32.54 M | $31.58 M | $24.66 M | $22.05 M | $20.42 M | $23.40 M |
| Operating Income | $16.59 M | $13.21 M | $3.08 M | $3.72 M | $18.64 M | $5.68 M |
| Pretax Income | $1.40 M | $51.62 M | -$18.88 M | -$64.06 M | -$3.03 M | $65.10 M |
| Tax Provision | $388.00 K | $11.69 M | -$4.35 M | -$14.21 M | $2.26 M | $14.17 M |
| Net Income | $1.01 M | $39.93 M | -$14.53 M | -$49.85 M | -$5.29 M | $50.93 M |
| EPS (Basic) | $0.31 | $12.72 | -$4.63 | -$16.07 | -$1.71 | $16.41 |
| EPS (Diluted) | $0.31 | $12.72 | -$4.63 | -$16.07 | -$1.71 | $16.41 |
| Shares Outstanding | 3.27 M | 3.14 M | 3.14 M | 3.10 M | 3.10 M | 3.10 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.
Disclaimer — Informational only — not investment advice. Insider transaction data is sourced from SEC Form 4 filings; market data from public feeds and may be delayed. The Insider Score is a proprietary score for research purposes and does not predict future performance. Always do your own research.